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Mile 20 Foundation INC EIN 83-2849913

Mile 20 Foundation INC

EIN  83-2849913 Private foundation / grantmaker Rye, NY
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Size
$100K–1M
What they do
A private foundation based in Rye, NY. It reported about $338K in revenue for 2024.
Leadership
Adam Gibbs · President
Money in and out
$338K revenue, $490K expenses
Bottom line
—

A private foundation based in Rye, NY. It reported about $338K in revenue for 2024. For fiscal year 2024 it reported $338K in revenue, $490K in expenses, and $1.2M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$338K
Pt VIII · Ln 12
Total expenses
$490K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$152K
Total assets
1.2M
deployed as grants and operations
Grants paid
344K
in FY2024
Grants made
31grants
total in period
Payout rate
28%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 31 grants · $344K · 2024–2024
Uc Berkeley FoundationFY2024$125,000
University of California Berkeley FoundationFY2024$100,000
Meals on Main StFY2024$40,000
Memorial Sloan Kettering Cancer CenterFY2024$23,500
Sinai Free SynagogueFY2024$20,000
Charities Aid Foundation AmericaVA · FY2024$10,000
Soul Ryeders INCNY · FY2024$5,000
Police Benevolent Association PCFY2024$5,000
Part of the SolutionFY2024$5,000
Archbishop Stepinac High SchoolNY · FY2024$2,000
GofundmeorgCA · FY2024$1,000
African Parks Foundation of AmericaDC · FY2024$1,000
Caritas of Port Chester INCNY · FY2024$518
Swim Across America inFY2024$500
Sinai TempleFY2024$500
Saltaire Volunteer Fire DeptFY2024$500
Rye Police Benevolent AssociationFY2024$500
Leukemia and Lymphoma SocietyFY2024$500
See all 31 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV13
Average grantPart XV$11K
Median grantPart XV$500
Largest grantPart XV$125K
Top cause focusNTEEDiseases & Disorders (10%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$338K
FY2024▲ +9%
Expenses
$490K
FY2024▲ +63%
Total assets
$1.2M
FY2024▼ -11%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$338K
Pt VIII · Ln 12
Total expenses
$490K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Total assetsPt II$1.2M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMile 20 Foundation INC
EINHdr · item D83-2849913
Principal addressHdr · item CRye, NY
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFAug 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Adam Gibbs
President
$0Pt VII · Sec A
Nicole Gibbs
Treasurer
$0Pt VII · Sec A
See Mile 20 Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$338K
Total revenueLn 12$338K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.70 Operating & administrative $0.30
Grants & contributions paid70%$344K
Operating & administrative30%$146K
Total functional expensesLn 25$490K

Balance Sheet

Part X · end of year
CashLn 1$23K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.2M
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.2M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $338K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $338K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $338K · Prior year $310K
+9%
Revenue CAGR
FY2020 $167K · FY2024 $338K
+19%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $338K · Expenses $490K
-45%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
People & payroll
Highest Reported Total Compensation
Individual Adam Gibbs · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $490K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$338K revenue · viewing · ⤓ 990 PDF
FY2023$310K revenue · ⤓ 990 PDF
FY2022$218K revenue · ⤓ 990 PDF
FY2021$244K revenue · ⤓ 990 PDF
FY2020$167K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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